Comprehensive Development of the Solana Ecosystem: CCTP Upgrade, Central Asia Economic Zone, Institutional Staking and TradFi Integration

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Solana Weekly丨3000 banks are about to connect to Solana; Central Asia's first Solana economic zone officially launched

In the past week, Solana has made significant progress both on-chain and off-chain.

First, Circle has deployed the upgraded version of the cross-chain transfer protocol CCTP V2 on Solana, bringing three major improvements: enhanced USDC cross-chain speed, optimized contract support, and improved capital efficiency.

In terms of strategic layout, the Solana Foundation has signed a memorandum of understanding with Kazakhstan to officially launch Central Asia's first Solana economic zone. This special zone will serve as a testing ground for blockchain technology, startup incubation, and international cooperation, aiming to integrate tokenized assets into Kazakhstan's financial market and lay the foundation for a blockchain-driven financial system.

At the same time, a trading platform announced the launch of SOL staking services, primarily targeting institutions, ETFs, enterprises, and high-net-worth clients, marking a shift in Solana staking from being limited to retail participation, thereby enhancing institutional adoption within the ecosystem.

In addition, the $90 billion financial services giant Fiserv announced that it will launch the stablecoin FIUSD on Solana and connect with the 3,000 regional banks it serves. This partnership demonstrates the deep integration of traditional finance and blockchain technology, with Solana's high throughput and low-cost features serving as key factors in attracting traditional financial institutions.

Solana Weekly丨3000 banks are about to connect to Solana; Central Asia's first Solana economic zone is officially launched

The following are important updates and noteworthy events from key projects and popular projects within the Solana ecosystem over the past week:

A trading platform has launched an advanced token analysis feature that displays net buyers, net buying volume, and organic scores, which helps with market insights.

A certain DEX achieved a trading volume of over $10 billion in June, with a market share of approximately 32%, making it the largest decentralized exchange in the Solana ecosystem.

Drift has launched a zero-fee BTC trading event, which is now live, offering over 40 asset trading pairs.

Sanctum announced that all 1 billion CLOUD tokens have been fully accounted for and are verifiable.

Collaterize collaborates with Amazon Web Services to accelerate the development of real-world asset (RWA) infrastructure.

Virtuals are now live on a certain wallet platform.

Hey Anon released version 1.7, adding integration for spot/futures trading on a certain trading platform, the leveraged futures feature from Amped Finance, as well as UI and performance optimization updates.

Solana Weekly丨3000 banks are about to connect to Solana; Central Asia's first Solana economic zone officially launched

Grass has launched Grasshopper, a plug-and-play device that shares unused internet with the Grass Network and enhances network stability to collect public network data.

Gradient has launched Parallax, the first fully distributed inference and serving engine for large language models.

Solayer has launched the Emerald Sub-Card service, allowing one account to create unlimited cards, offering custom labels, personalized spending limits, and expense tracking features.

Gate.io has launched a $20 million grant program and is providing free GPU access to support artificial intelligence projects that require significant computational resources.

The DIA mainnet staking is now live.

STEPN GO launches GGUSD stablecoin backed by U.S. Treasury bonds.

time.fun launches creator live streaming, allowing creators to receive tips from viewers during the live broadcast and earn fees from transaction activities.

Solana Weekly丨3000 banks are about to connect to Solana; the first Solana economic zone in Central Asia is officially launched

Solana Weekly丨3000 banks are about to connect to Solana; Central Asia's first Solana economic zone officially launched

Solana Weekly丨3000 banks will soon connect to Solana; Central Asia's first Solana Economic Zone officially launched

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HashBrowniesvip
· 08-20 04:40
sol To da moon了嗷!
View OriginalReply0
DefiSecurityGuardvip
· 08-19 22:22
ughhh cctp audit report shows *several* attack vectors... dyor anon
Reply0
NewPumpamentalsvip
· 08-17 16:30
The sol universe is starting to da moon.
View OriginalReply0
PositionPhobiavip
· 08-17 06:21
bull, 3k banks are stable
View OriginalReply0
MrDecodervip
· 08-17 06:17
How can 3000 banks be so easy to fool?
View OriginalReply0
ImaginaryWhalevip
· 08-17 06:12
Finally, it's going to connect to 3000 banks, right? Hurry up.
View OriginalReply0
SandwichHuntervip
· 08-17 06:02
Sol is really powerful.
View OriginalReply0
ForkLibertarianvip
· 08-17 05:54
Going to play people for suckers in Central Asia again.
View OriginalReply0
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